75% of carry trade blamed in recent stock meltdown has been unwound, JPMorgan says
The carry strategy — which involves borrowing at low rates to fund purchases in higher-yielding assets elsewhere — has been wobbling for months.
Year: 2024
Jamie Dimon is done psychoanalyzing the Fed
"Every day 325 million Americans go to work, go to their jobs, take care of their families, take care of their kids, build out their house, change a job. And it could be affected by the Fed changing rates by 50 base points? I don't think so."
Hyundai debuts a new EV facility in Thailand, as the ‘Detroit of Asia’ pivots to making electric cars
The Korean carmaker is pushing into Thailand right as Chinese EVs are starting to pull ahead of Japanese brands.
Nokia and Swisscom to deploy drone service across Switzerland
By Olivier Sorgho (Reuters) – Nokia (HE:) has partnered up with Swisscom to deploy a...
Austria finds chemicals in house of suspected Taylor Swift concert attack plotter
By Alexandra Schwarz-Goerlich VIENNA (Reuters) – A 19-year-old Austrian terrorism suspect had taken concrete steps...
Ripple ordered to pay $125 million in penalty for improperly selling XRP tokens
(Reuters) – Labs has been ordered by a Manhattan court judge to pay the U.S....
Earnings call: Air Canada reports solid Q2 results, revises full-year guidance
Air Canada (AC.TO) has announced its financial results for the second quarter of 2024, revealing...
AB InBev sale of Russian JV stake to Anadolu Efes rejected by authorities
LONDON (Reuters) – Russian authorities have rejected Anheuser-Busch InBev and Anadolu Efes’ deal whereby the...
Global stocks drop and yen rises as volatility reigns
By Harry Robertson and Kevin Buckland LONDON/TOKYO (Reuters) – European stocks fell and U.S. futures...
